So basically, on the Mei.com, all the products are off-season products and they provide a firsthand purchase by Alibaba, and they focus only — focus on the last circle of the product status, like off-season and clearance etc. And YOOX Net-a-porter and Farfetch are kind of similar to...
Edward S. Caso—Wells Fargo Securities — Analyst Lisa D. Ellis—MoffettNathanson Research — Analyst Keith Bachman—BMO Capital Market — Analyst Moshe Katri—Wedbush Securities — Analyst Tien-Tsin Huang—J.P. Morgan — Analyst Rod Bourgeois—DeepDive Equity Research — Analyst Presentation: Operato...